The Reserve Bank of India’s (RBI) move to impose curbs on lending and withdrawals in Punjab and Maharashtra Cooperative Bank reportedly due to under-reporting of
Month: September 2019
Tax cuts lovely but miles to go–Economic Times
The panel discussion that followed the meeting of the ET Awards jury on Wednesday concluded that much still remains to be done to convert the
NCLAT: NCLT decision to implead IL&FS auditors appears bad in law – The Financial Express–
The National Company Law Appellate Tribunal (NCLAT) on Wednesday observed that the NCLT Mumbai’s decision to implead IL&FS auditors as parties in the operational mismanagement
NCLAT dismisses Srrei Multiple Asset Investment Trust’s appeal – The Financial Express–??
The National Company Law Appellate Tribunal (NCLAT) has dismissed Srei Multiple Asset Investment Trust (SMAIT)’s appeal that challenged the May 14 order of the Cuttack
Supreme Court sets aside NCLT order on insolvency against La-Fin Financial Services – The Financial Express–??
A Bench led by Justice RF Nariman, while quashing the orders of both NCLT, Mumbai, and the NCLAT, rejected the IL&FS stand that its suit
Small businesses not invincible to cyber security attacks; 48% suffered data breaches this year – The Financial Express
Technology for MSMEs: Even as large enterprises have usually been the victims of data breaches because of the enormity of the customer data they have access
Govt to soon unveil norms to protect winning bidders in IBC cases | Business Standard News–
The government will soon come up with detailed guidelines for regulators and tax authorities to protect the winning bidders in Insolvency and Bankruptcy Code (IBC) cases against
Strengthen cooperative banks | Business Standard Editorials
The Reserve Bank of India (RBI) on Tuesday placed the Punjab and Maharashtra Co-operative Bank (PMC) under “directions”. Consequently, cash withdrawals have been capped at
When the regulator is the violator | Business Standard Column–
The Securities Appellate Tribunal has ruled that a minor cannot be held liable for not making an open offer under the takeover regulations. This is not a
UK launches biggest peacetime operation after Thomas Cook collapse – India Today
The UK government on Monday launched Operation Matterhorn, its biggest peacetime repatriation in British history, after the collapse of tour giant Thomas Cook that left
MSMEs write to Nirmala Sitharaman seeking extension of income tax audit filing deadline – The Financial Express–
GST and Taxation for MSMEs: With the festive season just around the corner, a significant part of India’s SME and startup community is finding it tough
Edelweiss: Cut in GST rates a definite positive for hotel sector – The Financial Express–
The GST Council in its recent meeting cut GST rates for the hotel sector across the board. The biggest cut came in the luxury category
Rs 1,000 crore fraud: Fake GST invoice racket unearthed in Kandla – The Financial Express–
The modus operandi involved over-valuation to the extent of 3,000% of the market value of goods exported to the SEZ (zero rated supply) and fraudulently
Govt funding for MSMEs: Nitin Gadkari promises 10% contribution for raising equity in capital market – The Financial Express–
Credit and Finance for MSMEs: In the latest move to boost MSME sector in India, the Central govt is mulling contributing 10% of funds to the
Don’t kill e-commerce | Business Standard Editorials
E-commerce companies will come under intense regulatory watch as they head out for the biggest annual shopping carnival starting next week. The Competition Commission of India
Big bang steps | Business Standard Column–
The finance minister surprised almost everyone on Friday with her announcements on corporate taxation. The government has taken the decisive step of reducing tax rates
***IBBI seeks to penalise ‘flippant’ bidders to prevent fraud at bankrupt companies – The Economic Times–
The Insolvency and Bankruptcy Board of India (IBBI) is seeking to penalise ‘flippant’ bidders and managers of stressed assets to help quicken the recovery of banking funds
Insolvency and Bankruptcy Board of India: CoCs must share all info on NPA accounts with bidders: IBBI – The Economic Times–
The Committee of Creditors (CoC) of a non-performing asset (NPA or bad loan) account must provide all relevant information and share its vision for the company under resolution with the
***IBBI: Special court summons Liberty House chief, 3 others in IBBI case–Economic Times–
A special court has summoned Liberty House chief Sanjeev Gupta and three other senior executives to face a criminal charge pressed against them by the
***Operational creditors benefit equally from IBC: IBBI – The Economic Times
The Insolvency and bankruptcy Board of India (IBBI) Saturday said both operational and financial creditors have benefitted alike from resolutions under the IBC. IBBI chairman M S Sahoo
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